There should be certain limits on stock trading for relatives of Congresspeople.

A lady named Kirsten commented, “I don’t think family members of people in Congress should be able to trade with insider information,”

We all understand that the stock market is what propels our country, but Ronnie disagreed, adding, “I’d say it’s a free country. I mean, we all know stocks is what drives this country.”

Nancy Pelosi, the speaker of the House, asserted that her husband Paul Pelosi never bought stocks using her knowledge. After purchasing computer chip shares before of a legislative vote on chip manufacture, Paul Pelosi made the denial.

As soon as they learned about the financial dealings on Capitol Hill, reporters questioned the speaker if her husband had ever bought or sold shares of stock.

“No,” Pelosi said. “Absolutely not.”

Joel from Seattle said that due to the benefits of insider trading, members of Congress’ families shouldn’t be permitted to invest. Pelosi has made deals, and in my opinion Nancy Pelosi is benefiting from them as well.

A measure that was proposed in February to prohibit members of Congress and their wives from trading or holding stocks while they hold electoral office is now inactive.

Rep. Pramila Jayapal, D-Washington, proposed the bill in the House under the name Bipartisan Ban on Congressional Stock Ownership Act of 2022. It has 14 cosponsors as of this writing, the bulk of whom are Democrats.

According to the language of the bill, it would be illegal for members of Congress and their wives to buy or trade stocks.

Additionally, it specifies that elected members and their spouses should not hold or trade any stock, bond, commodity, future, or other type of security, including an interest in a hedge fund, derivative, option, or other complicated financial instrument, unless it is as part of a divestiture.